Compact mode
Average Directional Index (ADX)
Known for Trend Strength Without Direction
Table of content
General Information
Indicator Type 📊
The category or classification of the trading indicator based on its primary function and analysis method.- TrendAverage Directional Index (ADX) is a Trend type indicator. Indicators that help identify and confirm market trends
Asset Class 💰
Specifies the financial instruments for which the indicator is most commonly used- StocksThe asset classes Average Directional Index (ADX) is typically used for are Stocks. Indicators optimized for analyzing and predicting stock price movements in equity markets. Click to see all.
- ForexThe asset classes Average Directional Index (ADX) is typically used for are Forex. Indicators optimized for currency pair trading in the foreign exchange market. Click to see all.
- CommoditiesThe asset classes Average Directional Index (ADX) is typically used for are Commodities. Trading indicators optimized for commodity markets like oil, gold, and agricultural products. Click to see all.
Made In 🌍
The country or origin of the trading indicator- 1978Average Directional Index (ADX) was developed in 1978. Trading indicators specifically developed in 1978
Characteristics
Lagging or Leading 🏁
Indicates whether the trading indicator is a lagging or leading type, reflecting its predictive nature.- LaggingAverage Directional Index (ADX) is a Lagging indicator. Indicators that confirm trends after they have started
Complexity Level 🧑
Indicates the level of expertise required to effectively use the indicatorPopularity 🏆
Indicates how widely used and recognized the indicator is in the trading community- MediumThe popularity of Average Directional Index (ADX) among traders is considered Medium. Indicators with balanced adoption and potential effectiveness
Facts
Interesting Fact 💡
An intriguing or lesser-known fact about the trading indicator- Part of the Directional Movement System
Sarcastic Fact 😉
A humorous or ironic observation about the trading indicator- It's like a gym membership - tells you how strong the trend is but not where it's going
Application
Timeframe 🕑
The time intervals or periods for which the trading indicator is most effective or commonly used.- DailyAverage Directional Index (ADX) is most effective for Daily timeframes. Indicators optimized for daily chart analysis, suitable for swing and position traders.
- WeeklyAverage Directional Index (ADX) is most effective for Weekly timeframes. Indicators optimized for weekly chart analysis, balancing short-term noise and long-term trends.
Technical Details
Calculation Method 🧮
The mathematical or analytical approach used to compute the trading indicator's values.Signal Generation 📊
Describes the methods by which the indicator produces trading signals- ThresholdsAverage Directional Index (ADX) generates trading signals through Thresholds. Indicators that generate signals when certain predefined levels or conditions are met
Customization Options 🔧
Lists the parameters that can be adjusted to fine-tune the indicator
Usage
For whom 👥
The target audience or user group for the trading indicatorPurpose 📈
The primary purpose or application of the trading indicator
Evaluation
Performance Metrics
Reliability Score 💯
A score indicating the overall reliability of the trading indicatorEase of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isVersatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesCustomization Score 🔧
A score representing the degree of customization available for the trading indicator- 6.5The customization score for Average Directional Index (ADX) is 6.5 out of 10.
Score ⭐
The overall score of the trading indicator based on various performance metrics
Alternatives to Average Directional Index (ADX)
Average True Range (ATR)
Known for Volatility Without Direction
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Guppy Multiple Moving Average
Known for Visualizing Short-Term And Long-Term Trends
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Elder Triple Screen
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Directional Movement Index (DMI)
Known for Strength Of Price Movement
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is rated higher overall than Average Directional Index (ADX)
Keltner Channels
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Exponential Moving Average (EMA)
Known for Smooth Price Movements
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is rated higher overall than Average Directional Index (ADX)
Money Flow Index (MFI)
Known for Volume And Price Movements
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is more customizable than Average Directional Index (ADX)
Chande Momentum Oscillator (CMO)
Known for Momentum Measurement
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is more customizable than Average Directional Index (ADX)
Elder Impulse System
Known for Combining Trend And Momentum
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